Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflation

Sunak will be feeling the pressure from this if inflation doesn’t actually come down.

  • FarceOfWill@fedia.io
    1·
    1 year ago

    Maybe if mortgage payments are twice as high people won’t be able to spend as much on anything else and inflation will fall just because less is being spent on food etc??

    I’m not clear on how the inflation stats work when modelling the amount of items people buy Vs the price of the basket.